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RERA should be amended to plug loopholes

Dated on: Wednesday 21st August 2019

In an event organized by industry chamber PHDCCI, Gurugram RERA Chairman asked companies to make suggestions to the Government for necessary amendments to RERA Act to make it dispassionately objective for both builders and home buyers. In the current format, several sections and sub-sections of the Act are contradictory in nature and are open for many legal interpretations and therefore an amendment to them is necessary to get a fair deal so that the intended growth of the sector is ensured. Hence, the law should be amended to plug loopholes and make it more effective for the interest of all stakeholders.

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